Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Yeah there was a lot of nonsense on that post, it was too late to dissect it...i remember it talking about criminal investigations etc...
Uk authorities have already CONFIRMED no evidence of modern slavery offences found...
Its nonsense...maybe one or two valid points which come with the territory we all know well.
Lol gemini mentions about paid posters!
I've just done a quick search on matt earl and it says he's a regular on shareprphets...known shorters who pay posters to fill boards up with negativity...
Maybe with the very little posts and new acc gemini has, he/she is a paid poster, dropping a very detailed message, nicely concluded like that...
@Gemini, buying land for factory site at £3m is genuine if you ask me?
As for shadowfall, any short above 0.5% threshold has to be reported, they not on the list so fair to say its below 0.5%. Total short interest recorded is 1.65% which i wouldnt be worried about to be honest. If anything a positive update and we could get a few shorters burning :)
If law is black and white we should expect a Rns before 30th IF results are WAY AHEAD of expectation and one straight away for investigation if major findings found...it only makes sense, you cant possibly receive a damning report at centre of a scandal on the 15th and give yourself and family/friends 15days to unload your positions...whilst market is trading normal...
However we all know law is grey and boo being the multi billion dollar comp it is, itl have worked out a defence...we probably reading into it too much.
Good night folks!
In summary, issuers must notify without delay major new developments that may affect their business if the development may lead to a substantial share price movement. Issuers must also notify without delay information concerning a change in financial condition, performance or expectation of performance if the change would be likely to lead to a substantial share price movement.
The "10% rule" is not set in stone btw but its well known thats what comps use as a rule of thumb...
From reading, my understanding is:
An update rns has to be issued IF results are SIGNIFICANTLY ahead or below expectations...however significant is open to discretion there is no set rule...a rule of thumb which the FCA has implied is if the information knocks the SP 10% either way...
So Boo has given guidance of 25% increase in revenue...if actual is 35% I wouldnt expect an RNS...if actual is 50%+ I would expect an update RNS as per aim rules...
Agree/Disagree?
The share price is not moving because I think by now the whole world knows about Boo and those that wanted to buy in for the 30th have done! Hence no buyers left for the current situation. Although ample buyers sitting on sidelines dependant on what happens on the 30th.
The low daily volumes we seeing and little fluctuation in SP is likes of kittykitty trading for a few % which is good and well but to me at this stage not worth risking the bigger move for.
Learn about breakouts and the volatility, volume and share price contraction which comes beforehand. I say we are very much seeing that, a nice consolidation phase. Its now a coiled spring...waiting for the 30th.
Good luck!
Let's not ramp, 40% increase is a number plucked out of thin air, may or may not be true...
However point im making is after the 15th, going off aim rules, there has to be a RNS, at the very very minimum to say "we are in receipt of the findings"
https://aim-watch.com/project/aim-rules/
Read aim rule #11
@Bristolian...read up about market spoofing and other illegal practices...
Single shares being bought are not for fun, theres purpose, various reasons such as see what the actual ask price is? FLood order book with buys etc...they know what they doing...
This board is becoming like groundhog day...same points/sentiments repeated again and again...
We all know where we stand...SP has consolidated, waiting for next move, which will come from.
1) A trading update
2) Another press article
3) Sept 30th
Nothing more to it now, other than the posts such as Internet traffic or new trading articles keep them coming, rest will send you guys to insanity, just chill...
P.s If you want a glimpse of insanity head over to the advfn board for Boo.
Agree @ Longtrader
And @kittykitty...agree, I dont trust brokers and MMs, MMs are known for clearing stops before sending share price back up...brokers tell them where the stops are...use alerts instead and assess the situation or a mental stop loss...either way make sure your stop loss is beyond the obvious...
Any significant event which is likely to cause a significant change in SP, I.e 10%+ either way, has to be reported, as its classed as insider information...significant increase or decrease in projected sales is marked as such information...
For example when they asked John Lyttle, have sales been affected. He said something of the sort "have we updated our guidance"...
This rule seems pointless to me if can release on same day as results but I cant say for sure what the rules are as they are vague...
Thats precisely the point, they HAVE to let the market know if significantly up or down...part of aim rules...
However even if they are in line with growth given the backdrop I suppose that is a positive in itself..